Home / Knowledge / News / Apparel/Garments / 'Apparel constitutes 60% of Sri Lankan exports to EU'
'Apparel constitutes 60% of Sri Lankan exports to EU'
09
May '14
Around 60 percent of the US$ 3.27 billion worth Sri Lankan exports to the EU made in 2013 were apparel, according to Sri Lanka’s Minister of Industry and Commerce Rishad Bathiudeen.
 
Addressing the second EU-Sri Lanka Trade Dialogue at a hotel in Colombo, Mr. Bathiudeen said, “In 2013, sixty percent of our exports to EU were apparel. The relationship built on apparel trade has become a strategic partnership with major buyers in the EU.”
 
“Today, Sri Lanka has become a value creator to its strategic partners. This significant development, in our exports to the EU is the growth in our apparel exports despite the loss of GSP plus facility in August, 2010,” he added.
 
The EU-Sri Lanka Trade Dialogue, aimed at promoting EU-Sri Lanka bilateral trade further, was organized by the European Chamber of Commerce Sri Lanka (ECCSL), in association with the European Union (EU) and the Sri Lanka Export Development Board (SLEDB).
 
The two-day forum addressed areas such as market research for potential business in the EU, upgrading sectors with European technology and innovation, and access to finance for technology enhancement. 
 
During the discussion at the forum, it was emphasized that Sri Lankan businesses should become aware that benefits of certain facilities and trade concessions would not be available as the country graduates to a middle income economy.
 
Another point that was highlighted at the discussion was the opportunities for Sri Lankan exporters, including textile and garment exporters, to utilize raw material from Asean member countries, for which the EU has issued comprehensive guidelines on how the materials are to be used for value addition.
 
In 2013, Sri Lanka’s earnings from textile and garment exports grew by 13 percent year-on-year to $4.508 billion.
 

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 28th May 2016

US to rethink on inclusion of Indian PET in GSP

With the US set to rethink the inclusion of polyethylene...

Textiles | On 28th May 2016

China’s textile exports marginally down in Jan-April

The exports of textiles and apparel from China dropped marginally...

Textiles | On 28th May 2016

MMF sector seeks anti-dumping duty on Chinese fabrics

Reeling under the impact of cheap Chinese fabrics, Surat’s textile...

Interviews View All

Abhishek Ganguly
Puma India

There are quite a number of brands stepping into the sports lifestyle...

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

How was your experience of a collaborative stall at ITMA 2015? Please...

Claudia Kersten
Global Organic Textile Standard

What benefits can MSMEs have from GOTS certification? What is the...

Steve Cole
Xerium Technologies

<b><i>Steve Cole of Xerium Technologies discusses the industry. Xerium is...

Ashok Desai
Bombay Textile Research Association

<b><i>Bombay Textile Research Association (BTRA) is a leading name in...

Giorgio Mantovani
Corman S.p.A

<b><i>Giorgio Mantovani, MD of Corman, with a presence in both Milano and...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
May 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search